Federal Express Corporation

Active

Foreign entityfounded 198937 yrs activeOrange Street 1209, DE 19801 Wilmington, United StatesKBO/BCE: BE 0438.663.989

For the legal form of Federal Express Corporation, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €27.39M and a net result of €1.73M. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 195 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

49 / 100

Fair▲ +4 vs 2024

The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability44▲+9

Solvency70▲+13

Growth85=

Track record100

Credit verdict

Credit up to €1.3M at 30 days acceptable

Liquidity ample (current ratio 1.78 against 1.45 in 2024; short-term debt: 55% and cash: 2.9% of total assets), but 55.2% of the assets are financed with debt.

How do we compute this score?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

Latest accounts filed on time

The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 04-12-2025, 27 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

27 d early

2024

22 d early

2023

33 d early

2022

69 d late

2021

188 d late

2020

117 d late

2019

21 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-05-2026 close17-09-2026 today31-12-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€572.85M▲ 6.2%

2024 · €539.19M

2019: €99.41M 2020: €348.20M 2021: €460.25M 2023: €589.98M 2024: €539.19M

2019 → 2025

EBIT margin

0.4%▼ 0.5pp

2024 · 0.8%

2019: -4.5% 2020: 1.1% 2021: 0.4% 2023: 1.6% 2024: 0.8%

2019 → 2025

Net result

€1.73M▼ 27.2%

2024 · €2.38M

2019: €-4.05M 2020: €710k 2021: €1.38M 2023: €9.68M 2024: €2.38M

2019 → 2025

Working capital

€26.28M▲ 8.4%

2024 · €24.25M

2019: €-4.87M 2020: €21.10M 2021: €27.51M 2023: €-12.71M 2024: €24.25M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202320242025Trend

Turnover€348.20M-€460.25M▲ 32.2%€589.98M▲ 28.2%€539.19M▼ 8.6%€572.85M▲ 6.2%

Equity€22.45M-€28.78M▲ 28.2%€-11.73M€25.65M€27.39M▲ 6.8%

Operating result€3.91M-€1.89M▼ 51.6%€9.28M▲ 391%€4.54M▼ 51.1%€2.14M▼ 52.9%

Net result€710k-€1.38M▲ 94.7%€9.68M▲ 601%€2.38M▼ 75.4%€1.73M▼ 27.2%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 53% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €61.13M

98.0%

Fixed assets €1.22M▼ 17.4%

Current assets €59.91M▼ 23.9%

Equity and liabilities €61.13M

44.8%

55.0%

Equity €27.39M▲ 6.8%

Provisions €110k▲ 47.5%

Debt €33.63M▼ 38.3%

The debt ratio falls from 67.9% to 55.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€2.39M▼

2024 · €4.81M

Cash flow

€1.99M▼

2024 · €2.66M

Solvency

44.8%▲

2024 · 32.0%

Current ratio

1.78▲

2024 · 1.45

Quick ratio

1.78▲

2024 · 1.45

Debt / equity

1.23▼

2024 · 2.12

ROE

6.3%▼

2024 · 9.3%

ROA

2.8%▼

2024 · 3.0%

Interest coverage

4.03▲

2024 · 2.22

Debt

€33.63M▼

2024 · €54.48M

Debt ≤ 1 year

€33.63M▼

2024 · €54.48M

Staff costs

€3.47M▼

2024 · €4.10M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€80.21M€61.13M▼

Fixed assets21/28€1.48M€1.22M▼

Tangible fixed assets22/27€1.25M€992k▼

Plant, machinery and equipment23€1.24M€992k▼

Furniture and vehicles24€11k-

Financial fixed assets28€228k€228k=

Other financial fixed assets284/8€228k€228k=

Amounts receivable and cash guarantees285/8€228k€228k=

Current assets29/58€78.73M€59.91M▼

Amounts receivable within one year40/41€60.95M€57.57M▼

Trade receivables40€4.55M€4.22M▼

Other amounts receivable41€56.41M€53.35M▼

Cash at bank and in hand54/58€17.70M€1.77M▼

Deferred charges and accrued income490/1€75k€567k▲

Equity and liabilities

Total equity and liabilities10/49€80.21M€61.13M▼

Equity10/15€25.65M€27.39M▲

Contributions10/11€81.55M€81.55M=

Profit (loss) carried forward14€-55.90M€-54.16M▲

Provisions and deferred taxes16€75k€110k▲

Provisions for liabilities and charges160/5€75k€110k▲

Pensions and similar obligations160€75k€110k▲

Amounts payable17/49€54.48M€33.63M▼

Amounts payable within one year42/48€54.48M€33.63M▼

Financial debts43€34.16M€11.87M▼

Credit institutions430/8€34.16M€11.87M▼

Trade debts44€19.93M€21.56M▲

Suppliers440/4€19.93M€21.56M▲

Taxes, remuneration and social security45€164k€197k▲

Taxes450/3€44k-

Remuneration and social security454/9€120k€197k▲

Other amounts payable47/48€232k-

Income statement Code20242025

Operating income70/76A€539.32M€572.95M▲

Turnover70€539.19M€572.85M▲

Other operating income74€133k€98k▼

Operating charges60/66A€534.79M€570.81M▲

Services and other goods61€530.85M€566.47M▲

Remuneration, social security and pensions62€4.10M€3.47M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€273k€257k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€44k€546k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€-481k€65k▲

Other operating charges640/8€43€60▲

Operating profit (loss)9901€4.54M€2.14M▼

Financial income75/76B€16k€193k▲

Recurring financial income75€16k€193k▲

Income from current assets751€16k€193k▲

Financial charges65/66B€2.17M€594k▼

Recurring financial charges65€2.17M€594k▼

Other financial charges652/9€2.17M€594k▼

Profit (loss) for the period before taxes9903€2.38M€1.73M▼

Profit (loss) for the period9904€2.38M€1.73M▼

Profit (loss) for the period to be appropriated9905€2.38M€1.73M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-55.90M€-54.16M▲

Profit (loss) brought forward from the previous period14P€-58.28M€-55.90M▲

Social balance

Average headcount (FTE)908725.023.6▼

The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 46Financial 6Gazette 30Filings 10

Next filing, fiscal year 2026, expected by 31-12-2026

2026

05-08

State Gazette act Boekjaar

Board meeting · Statutes amendment2 facts ▸

Board meeting, 24/03/2026
Statutes amendment

27-03

State Gazette act Resignations & appointments

Secretary certificate · Board meeting · Director appointment3 facts ▸

Secretary certificate, 30/01/2026
Board meeting, 30/01/2026
Director appointment, Cosmin-Daniël Coman (gemachtigd vertegenwoordiger van het Belgisch Bijkantoor)

06-02

State Gazette act Resignations & appointments

Board meeting · Director appointment · Director resignation3 facts ▸

Board meeting, 2025-10-01
Director appointment, Kawal Preet (bestuurder)
Director resignation, Rudi Loontiens (Wettelijk vertegenwoordiger)

2025

04-12

NBB filing Annual accounts filed

fiscal year 2025 · full schema

20-10

State Gazette act Resignations & appointments

Director resignation · Board meeting · Director appointment4 facts ▸

Director resignation, Sriram Krishnasamy (bestuurder)
Board meeting, 2025-08-15
Director appointment, Vishal Talwar (bestuurder)
Permanent representative, Rudi Loontiens

13-05

State Gazette act Registered office · Resignations & appointments

Director resignation · Board meeting · Director appointment21 facts ▸

Director resignation, Mark R. Allen (Bestuurder)
Board meeting, 2024-10-08
Director appointment, Gina F. Adams (Bestuurder)
Director resignation, Robert B. Carter (Bestuurder)
Director resignation, Scot A. Struminger (Bestuurder)
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
Board composition, Bestuurder, 2024-10-07
+9 further facts in this act

2024

09-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema

29-07

State Gazette act Statutes amendment

General meeting · Statutes amendment2 facts ▸

General meeting, 2024-05-08
Statutes amendment

31-05

Financial Equity above €25MEq €25.65M

4 profitable years in a row build equity to €25.65M.

22-02

State Gazette act Resignations & appointments

Auditor reappointment · Director resignation2 facts ▸

Auditor reappointment, 3 boekjaren, 2023-12-14
Director resignation, Elise L. Jordan (bestuurder)

2023

13-12

State Gazette act Resignations & appointments

Corporate decision · Power of attorney2 facts ▸

Corporate decision, 2023-11-20
Power of attorney, David James Loechel

28-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema

10-11

State Gazette act Resignations & appointments

Corporate certificate · Director resignation · Board meeting7 facts ▸

Corporate certificate, 2023-09-18
Director resignation, Michael C. Lenz (Bestuurder)
Board meeting, 2023-08-01
Director appointment, John W. Dietrich (Bestuurder)
Director resignation, Jill C. Brannon (Bestuurder)
Board meeting, 2023-08-31
Director appointment, Tracy B. Brightman (Bestuurder)

30-10

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Power of attorney, Stephen Parrott
Power of attorney, Patrick Stienlet

28-09

State Gazette act Resignations & appointments

Director resignation · Director appointment · Power of attorney12 facts ▸

Director resignation, Stijn Meeus (voorzitter van de ondernemingsraad)
Director resignation, Erik Adriaenssens (voorzitter van het comité voor preventie en bescherming op het werk)
Director appointment, André Beckers (voorzitter van de ondernemingsraad)
Director appointment, Kaat Vanderheyde (vice-voorzitter van de ondernemingsraad)
Power of attorney, André Beckers
Power of attorney, Kaat Vanderheyde
Director appointment, Steven van Brussel (voorzitter van het CPBW)
Director appointment, Jan Denys (vice-voorzitter van het CPBW)
Power of attorney, Steven van Brussel
Power of attorney, Jan Denys
Power of attorney, Martin Bosman
Power of attorney, Martin Bosman

17-07

State Gazette act Resignations & appointments

Board meeting · Power of attorney · Director appointment8 facts ▸

Board meeting, 2023-04-25
Board meeting, 2023-04-14
Power of attorney, Helena Jansson
Power of attorney, Michael P. Foster
Power of attorney, Lawrence Trevor Hoyle
Power of attorney, Markus Huber
Power of attorney, Andrew M. Self
Director appointment, John A. Smith (bestuurder)

31-05

Financial Highest result since 2019net €9.68M ▲601%

Operating result €9.28M, net result €9.68M, both a record.

10-05

State Gazette act Resignations & appointments

Secretary declaration · Board meeting · Director appointment3 facts ▸

Secretary declaration, 2022-11-29
Board meeting, 2022-11-11
Director appointment, Sriram Krishnasamy (bestuurder)

10-05

State Gazette act Resignations & appointments

Board meeting · Director resignation2 facts ▸

Board meeting, 2023-03-23
Director resignation, Lawrence Hoyle (wettelijke vertegenwoordiger van het Belgisch Bijkantoor)

10-03

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 69 days late

2022

07-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 188 days late

2021

31-05

Financial Equity above €25MEq €28.78M ▲28.2%

2 profitable years in a row build equity to €28.78M.

27-04

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 117 days late

2020

31-05

Financial Back to profitnet €710k

Net result €710k after one loss-making year.

31-05

Financial Liquidity triplescurrent ratio 1.53

Current ratio from 0.49 to 1.53.

31-05

Financial Equity above €10MEq €22.45M

Equity rises from €-3.19M to €22.45M.

29-05

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2020-04-23
Auditor reappointment, 3 boekjaren

17-04

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 2020-02-28
Registered-office move, Bourgetlaan 140, 40, 1130 Brussel, Belgie

21-01

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 21 days late

2018

28-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2017

14-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema

27-03

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative4 facts ▸

General meeting, 2017-02-13
Auditor reappointment, commissaris, 3 jaar
Permanent representative, Piet Hemschoote
Power of attorney, NautaDutilh

10-03

State Gazette act Capital & shares

Board meeting · Branch opening · Power of attorney3 facts ▸

Board meeting, 2017-02-01
Branch opening, opening bijkomende vestigingseenheid, Rue de l'Aéroport 90, 4460 Grâce-Hollogne
Power of attorney, NautaDutilh BVBA

08-01

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 8 days late

2015

21-09

State Gazette act Resignations & appointments

Board meeting · Permanent representative2 facts ▸

Board meeting, 2015-07-31
Permanent representative, Lawrence Trevor Hoyle (wettelijk vertegenwoordiger van het Belgische bijkantoor)

21-08

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Power of attorney, Stephen Parrott (Managing Director Finance Controller EMEA)
Power of attorney, Patrick Stienlet (Managing Director Operations)

04-05

State Gazette act Resignations & appointments

Board meeting · Director appointment7 facts ▸

Board meeting, 2015-03-24
Director appointment, Michael P. Foster (Vice-President)
Director appointment, Lawrence Trevor Hoyle (Vice-President)
Director appointment, Markus Huber (Vice-President)
Director appointment, Helena Jansson (Vice-President)
Director appointment, Andrew M. Self (Vice-President)
Director appointment, Roel Staes (Vice-President)

2014

19-08

State Gazette act Resignations & appointments

Corporate certificate · Power of attorney · Corporate purpose5 facts ▸

Corporate certificate, 2014-06-05
Power of attorney, Robert Elliott
Power of attorney, David James Loechel
Power of attorney, Helena Jansson
Corporate purpose, het internationaal luchttransport van goederen en alle andere activiteiten (inclusief administratieve ondersteuning) ter ondersteuning van deze activiteit

19-05

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Permanent representative4 facts ▸

General meeting, 2014-04-23
Auditor reappointment, commissaris, 3 years
Permanent representative, Piet Hemschoote
Power of attorney, NautaDutilh

2013

09-07

State Gazette act Resignations & appointments

Secretary attestation · Board meeting · Branch establishment3 facts ▸

Secretary attestation, 2013-06-13
Board meeting, 2013-06-13
Branch establishment, 2011-05-08, Budasteenweg 31-33, 1830 Machelen, België

10-06

State Gazette act Registered office

Secretary certificate · Board meeting · Registered-office move3 facts ▸

Secretary certificate, 2013-05-03
Board meeting, 2013-05-01
Registered-office move, Vliegveld 117B, 1820 Steenokkerzeel, België

2012

18-05

State Gazette act Resignations & appointments

Director resignation · Director appointment2 facts ▸

Director resignation, Mark R. Allen (wettelijk vertegenwoordiger)
Director appointment, Roel Staes (wettelijk vertegenwoordiger)

2011

29-11

State Gazette act Resignations & appointments

Auditor reappointment · Permanent representative · Power of attorney3 facts ▸

Auditor reappointment, commissaris, 3 years
Permanent representative, Piet Hemschoote
Power of attorney, NautaDutilh

18-04

State Gazette act Resignations & appointments

Auditor appointment · Permanent representative · Correction4 facts ▸

Auditor appointment, Ernst & Young Auditors (commissaris-revisor)
Permanent representative, Piet Hemeschote
Correction, Rectification of material error regarding the address of the Belgian branch in the auditor appointment decision
Correction, Name corrected from 'Ernst & Young Auditors' to 'Ernst & Young Bedrijfsrevisoren'

2010

05-05

State Gazette act Statutes amendment · Resignations & appointments

Power of attorney1 fact ▸

Power of attorney, Helena Jansson

2006

26-06

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Power of attorney, Patrice Corbiau
Power of attorney, Geert Dierickx

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

31 directors, no change since 2026

Cosmin-Daniël Coman

Gemachtigd vertegenwoordiger van het belgisch bijkantoor · since 15-02-2026

Current

Kawal Preet

Director · since 01-10-2025

Current

Vishal Talwar

Director · since 15-08-2025

Current

Armanda Post

Wettelijke vertegenwoordiger · since 10-12-2024

Current

Marius Penninks

Wettelijke vertegenwoordiger · since 10-12-2024

Current

Gina F. Adams

Director · since 07-10-2024

Current

+ 13 not shown in this overview

15-02-2026 Cosmin-Daniël Coman: Appointed as Gemachtigd vertegenwoordiger van het belgisch bijkantoor

31-01-2026 Loontiens Rudi: Resigned as Wettelijk vertegenwoordiger

01-10-2025 Kawal Preet: Appointed as Director

15-08-2025 Vishal Talwar: Appointed as Director

17-07-2025 Sriram Krishnasamy: Resigned as Director

29-01-2025 Roel Jos Coleta Staes: Resigned as Wettelijke vertegenwoordiger

10-12-2024 Armanda Post: Appointed as Wettelijke vertegenwoordiger

10-12-2024 Marius Penninks: Appointed as Wettelijke vertegenwoordiger

10-12-2024 Loontiens Rudi: Appointed as Wettelijke vertegenwoordiger

07-10-2024 Gina F. Adams: Appointed as Director

23-09-2024 Mark R. Allen: Resigned as Director

30-06-2024 Robert B. Carter: Resigned as Director

30-05-2024 Scot A. Struminger: Resigned as Director

14-02-2024 Elise L. Jordan: Resigned as Director

01-09-2023 Tracy B. Brightman: Appointed as Director

15-08-2023 Jill C. Brannon: Resigned as Director

01-08-2023 John W. Dietrich: Appointed as Director

31-07-2023 Michael C. Lenz: Resigned as Director

02-05-2023 Lawrence Hoyle: Resigned as Wettelijke vertegenwoordiger van het belgisch bijkantoor

16-04-2023 John A. Smith: Appointed as Director

01-03-2023 André Beckers: Appointed as Voorzitter van de ondernemingsraad

01-03-2023 Jan Denys: Appointed as Vice voorzitter van het cpbw

01-03-2023 Kaat Vanderheyde: Appointed as Vice voorzitter van de ondernemingsraad

01-03-2023 Steven van Brussel: Appointed as Voorzitter van het cpbw

+ 11 not shown in this overview

Location & real-estate footprint

Registered office, Wilmington · 3 establishment units since 2011

establishment approximate All 3 establishment units on the map

Cannot be placed on the map

The registered office is abroad (United States). The address register our map runs on (BOSA BEST) covers Belgian addresses only.

Orange Street 1209DE 19801 WilmingtonUnited States

Ground area

9.8 ha

Building footprint

8,535 m²

Volume, LiDAR

61,321 m³

3 parcels, Flanders, Wallonia · tallest building 19.9 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Steenweg Buda 31-33, 1831 Machelen (Brab.)Freight transport by road

since 20112.233.629.292

Rue de l'Aéroport 90, 4460 Grâce-Hollogne

Air transport

since 20172.261.478.586

Bedrijvenzone Machelen-Cargo 711, 1830 Machelen (Brab.)

Freight transport by road

since 20182.281.400.606

3 parcels

Flanders 2 (66.7%) Wallonia 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23047C0372/00L000	Flanders	6.2 ha	1 · 5,288 m²	19.9 m · 3 fl.
62016B0203/00G000	Wallonia	3.3 ha	1 · 2,023 m²	7.0 m · 2 fl.
23047A0425/00K002	Flanders	3,342 m²	1 · 1,223 m²	-

Linked by address, not proof of ownership

Methodology

via establishment units: 3

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

3 auditors

Ernst & Young Bedrijfsrevisoren BVCurrent

Auditor

14-02-2024 → present

Show 2 earlier auditors

Ernst & Young Bedrijfsrevisoren BV CVBA Auditor succeeded by Ernst & Young Bedrijfsrevisoren BV in 2024	23-04-2020 → 14-02-2024
Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by Piet Hemschoote succeeded by Ernst & Young Bedrijfsrevisoren BV CVBA in 2020	18-04-2011 → 23-04-2020